AMP posts 63% cashflow increase
AMP Financial Services net cashflows increased 63% during the first quarter as increasing superannuation contributions from employers offset lower discretionary contributions.
Total net cashflows climbed to $210 million from $129 million during the opening quarter last year.
AMP Financial Services contemporary wealth management average assets under management fell 21% to $41.8 billion. Assets under management within AMP Capital Investors meanwhile fell 15% to $89.7 billion.
Total net cashflows climbed to $210 million from $129 million during the opening quarter last year.
AMP Financial Services contemporary wealth management average assets under management fell 21% to $41.8 billion. Assets under management within AMP Capital Investors meanwhile fell 15% to $89.7 billion.